CarMax (NYSE:KMX) Rating Reaffirmed
The broker has just set a target PPS of $58 on CarMax (NYSE:KMX) shares. This is 8.43% from the current price. In an interesting research report announced on Monday morning, RBC Capital Mkts reiterated their “Sector Perform” rating on shares of KMX.
From a total of 16 analysts covering Carmax Inc (NYSE:KMX) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $83 while the lowest target price is $56. The mean of all analyst targets is $70.94 with a 28.78% above today’s ($53.55) stock price. Carmax Inc was the topic of 10 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 15 with “Sector Perform” rating. Oppenheimer maintained shares with “Outperform” rating and $77 target share price in a report from a September 21. Oppenheimer downgraded KMX stock in a recent report from September 23 to “Perform” rating. Wedbush maintained the rating on August 18. Wedbush has a “Neutral” rating and a $70 price target on shares. Finally, Zacks upgraded the stock to “Hold” rating in a report issued on an August 25.
The stock decreased 6.30% or $3.6 on December 18, striking $53.55. Approximately shares of stock traded hands. CarMax, Inc (NYSE:KMX) has declined 26.73% since May 18, 2015 and is downtrending. It has underperformed by 20.92% the S&P500.
The overall sentiment of institutions has decreased to 0.95 in Q2 2015. Its down 0.07, from 1.02 in 2015Q2. The ratio fall, as 69 institutions have sold all the shares of CarMax, Inc that they owned while 145 funds have taken shares off the table. 38 funds have purchased shares for the first time while 165 added to their positions. These institutions now hold 213.93 million shares or 4.51% more than the 204.70 million shares they owned in 2015Q2.
The Fund Salzman & Co. Inc. currently is holding shares equating to 16.02% of its total portfolio in CarMax, Inc representing a total of 522,489 shares. Another fund,Abrams Bison Investments Llc, is holding a total of 1.80 million shares equating to 11.75% of their holdings. Additionally, Broad Run Investment Management Llc has a 2.39 million share stake in CarMax, Inc which represents 8.05% of their total portfolio. The Fund, Markel Corp, based out of Virginia, has also built up a stake in the stock, which represents a total of 7.68% of their total portfolio. Finally Avenir Corp, a fund which is based in the state of reported a total holdings of 1.24 million shares.
Insider activity is a very important aspect to track on any stock. Going back to April 9, 2015, shareholders of CarMax, Inc have witnessed 0 buys, and a total of 3 selling transactions equating to a net activity of approximately $840,029 . Shamim Mohammad sold 2,676 shares worth approximately $161,122. Stemberg Thomas sold 7,610 shares worth approximately $505,152. Blaylock Ronald E sold 2,616 shares worth approximately $173,755. Margolin Eric M sold 64,894 shares worth approximately $4.68 million. The company insider Hill Edwin J sold 15,955 shares worth $1.14M.
CarMax, Inc. is a holding company engaged in providing used vehicles and related services and products. The company has a market cap of $10.84 billion. The Firm operates through two business divisions: CarMax Sales Operations and CarMax Auto Finance (CAF). It has 18.13 P/E ratio. The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
According to Zacks Investment Research, “CarMax, Inc. operates as a retailer of used cars. The Company also sells vehicles through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. It operates used car superstores, provides customers with a range of other related products and services, including the appraisal and purchase of vehicles directly from consumers, the sale of extended service plans, guaranteed asset protection and accessories and vehicle repair service. CarMax, Inc. is based in Richmond, Virginia.”